Baku, Azerbaijan, Nov. 3
By Umid Niayesh - Trend:
Iran's non-oil goods trade balance (excluding gas condensates), faced a $17.327 billion deficit in the first three quarters of 2014, said the Islamic Republic Customs Administration in its latest monthly report published Nov. 3.
The figure indicates an increase by 72.07 percent compared to $10.07 billion deficit in the same period of 2013.
Imports shared 62.94 percent of Iran's total non-oil trade during the period, meanwhile the figure stood at 58.99 percent during the first nine months of 2013.
Iran's trade balance with 90 countries was positive, while with 93 countries it was negative.
Iran had the highest positive trade balance with Iraq ($4.242 billion), Afghanistan ($1,781 billion), Turkmenistan ($588 million), Egypt ($430 million), and Pakistan ($408 million). The five countries shared 80.98 percent of the Islamic Republic's positive trade balance.
The share of the neighboring Iraq stood at 46.12 percent of Iran's total positive non oil trade balance.
Tehran registered the highest negative trade balance with the United Arab Emirates ($7.664 billion), South Korea ($2.926 billion), China ($2.507 billion), India ($1.818 billion), and Germany ($1.768 billion).
The mentioned five countries shared 63 percent of the Islamic Republic's negative trade balance.
Iran's overall non-oil trade turn over stood at $66.971 billion during the first three quarters of 2014.
The figure indicates a 20.9 percent rise in comparison with the $55.35 billion trade turn over during the first nine months of 2013.
Edited by CN